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About River SaaS Capital

Over 100 years of combined lending, credit and operations experience

River SaaS Capital, a subsidiary of River Capital, provides a tailored solution for the unique capital needs of SaaS based companies without the restraints of traditional financial institutions.

With over 100 years of combined lending, credit and operations experience, our management team recognized this financial dilemma that SaaS companies face and we’ve made it our mission to create an alternative long-term funding solution to help them reach their full potential instead of holding them back.

Proudly based in Cleveland, Ohio, River SaaS Capital works with our parent company River Capital to offer aggressive financial models, entrepreneurship mentoring and world class customer service to early-stage SaaS companies in the Midwest.

Our clients quickly recognize that our commitment to their success is unquestioned. The Midwest is our home, and we recognize the potential a rising industry like SaaS can have on a region that is crossing the threshold of an economic renaissance, and we are proud to be a part of it.

The River SaaS Capital Team

mike-kennedyMichael R. Kennedy, CEO

Mike Kennedy is CEO of MRK Technology, Ltd. and River Capital Finance. He began his business career with the Burroughs Corporation (now Unisys), before co-founding L.D.I. Corporation, a computer distributor and leasing company that grew to $75 million in sales by 1987, when it went public.

Under Mike’s leadership as President and COO, L.D.I. increased sales to $350 million by 1994, when it was acquired by NationsBank. Prior to the sale, he led a management buyout of several company divisions to form a new company called MRK Technologies. In 2000, Mike expanded again with the formation of MRK Leasing, later rebranding as River Capital Finance LLC.

Mike is a board member of three for-profit companies and a graduate of Leadership Cleveland. He has also served on the Board of Trustees of Health Cleveland (Fairview Hospital), the Board of Trustees of the Epilepsy Foundation of Northeast Ohio, and the endowment committee of Malachi House. He has given back to his alma mater, Kent State University (class of 1965) by serving on the Technologies Task Force of the KSU Centennial Commission, and chairing the Business Advisory Council for the College of Business Administration, which he helped lead to new heights in membership, involvement and guidance.


matt-kennedyMatthew R. Kennedy, President

Matt Kennedy is President of River Capital Finance (formerly MRK Leasing, LTD), where he is responsible for the development and implementation of high-level strategic sales plans to drive revenue and ultimately increase market share.

Matt has 18 years of business, technology, leasing and finance industry experience. He began his career at River Capital as a Senior Account Executive and soon rose to Vice President of Sales and Marketing. In 2009 he became President and Managing Member of the company.

In 2012, Matt joined the Young Presidents Organization (YPO) and in 2014 he became an Executive Committee Member of the organization’s Cleveland Chapter. He is also a Board Member of Westwood Country Club in Rocky River, Ohio. A Cleveland native, Matt graduated from The University of Dayton with a BBA in marketing. He is also an alumnus of St. Ignatius High School.


wendy-jarchowWendy Jarchow, Chief Investment Officer

Wendy Jarchow is Chief Investment Officer of River SaaS Capital. She leads the company’s due diligence and lending activities to help growing SaaS businesses fund their growth plans with non-dilutive capital, and manages the company’s portfolio of loans.

Wendy has over 18 years of experience working at large financial institutions and venture funds where she has held diverse business roles, including business development, risk management, access to capital, and strategic planning and implementation. Prior to joining River SaaS Capital in June 2016, Wendy was a Venture Partner at JumpStart, a Northeast Ohio Venture Development Organization where she assisted client companies with developing funding strategies and secured capital for both start-ups and scaleup businesses.

Having grown up in Northeast Ohio, Wendy attended John Carroll University with a focus on Business Management and Marketing. She lives in Lakewood with her husband and two children.